Dexcom Inc Financials
This page shows Dexcom Inc (DXCM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Dexcom Inc has an operating margin of 19.6%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 98/100, reflecting efficient cost management and pricing power. This is up from 14.9% the prior year.
Dexcom Inc's revenue declined 100% year-over-year, from $4.0B to $5K. This contraction results in a growth score of 0/100.
Dexcom Inc has a moderate D/E ratio of 1.31. This balance of debt and equity financing earns a leverage score of 63/100.
Dexcom Inc's current ratio of 1.88 indicates adequate short-term liquidity, earning a score of 55/100. The company can meet its near-term obligations, though with limited headroom.
Dexcom Inc converts 23.1% of revenue into free cash flow ($1K). This strong cash generation earns a score of 100/100.
Dexcom Inc earns a strong 30.5% return on equity (ROE), meaning it generates $30 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 27.4% the prior year.
Dexcom Inc scores 4498998.11, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($26.9B) relative to total liabilities ($4K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Dexcom Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Dexcom Inc generates $1.72 in operating cash flow ($1K OCF vs $836 net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Dexcom Inc earns $63.8 in operating income for every $1 of interest expense ($912 vs $14). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Dexcom Inc generated $5K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Dexcom Inc's EBITDA was $1K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.
Dexcom Inc generated $1K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
Dexcom Inc reported $836 in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Dexcom Inc earned $2.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 47.2% from the prior year.
Dexcom Inc held $918 in cash against $0 in long-term debt as of fiscal year 2025.
Dexcom Inc had 385M shares outstanding in fiscal year 2025. This represents a decrease of 1.5% from the prior year.
Dexcom Inc's gross margin was 60.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Dexcom Inc's operating margin was 19.6% in fiscal year 2025, reflecting core business profitability. This is up 4.7 percentage points from the prior year.
Dexcom Inc's net profit margin was 17.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.7 percentage points from the prior year.
Dexcom Inc's ROE was 30.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.
Dexcom Inc invested $599 in research and development in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Dexcom Inc spent $500 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Dexcom Inc invested $364 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
DXCM Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B+4.2% | $1.2B+4.5% | $1.2B+11.7% | $1.0B-7.0% | $1.1B+12.0% | $994.2M-1.0% | $1.0B+9.0% | $921.0M |
| Cost of Revenue | $466.9M-2.3% | $477.9M+2.0% | $468.3M+4.8% | $447.0M-2.3% | $457.7M+14.3% | $400.4M+6.0% | $377.6M+5.2% | $359.1M |
| Gross Profit | $792.7M+8.4% | $731.4M+6.2% | $688.8M+16.9% | $589.0M-10.2% | $655.8M+10.4% | $593.8M-5.2% | $626.7M+11.5% | $561.9M |
| R&D Expenses | $148.2M-5.9% | $157.5M+6.3% | $148.2M+2.1% | $145.2M+4.1% | $139.5M+3.0% | $135.4M-0.4% | $136.0M-3.9% | $141.5M |
| SG&A Expenses | $321.5M-3.0% | $331.4M+1.0% | $328.0M+5.8% | $310.1M-5.3% | $327.4M+6.9% | $306.4M-7.9% | $332.7M+4.2% | $319.3M |
| Operating Income | $323.0M+33.2% | $242.5M+14.1% | $212.6M+59.0% | $133.7M-29.2% | $188.9M+24.3% | $152.0M-3.8% | $158.0M+56.3% | $101.1M |
| Interest Expense | $3.1M-16.2% | $3.7M-2.6% | $3.8M+2.7% | $3.7M+32.1% | $2.8M-24.3% | $3.7M-2.6% | $3.8M-17.4% | $4.6M |
| Income Tax | $73.4M+7.2% | $68.5M+11.7% | $61.3M+25.4% | $48.9M-18.0% | $59.6M+39.3% | $42.8M-3.4% | $44.3M+418.7% | -$13.9M |
| Net Income | $267.3M-5.8% | $283.8M+57.8% | $179.8M+70.6% | $105.4M-30.5% | $151.7M+12.7% | $134.6M-6.2% | $143.5M-2.0% | $146.4M |
| EPS (Diluted) | $0.67-4.3% | $0.70+55.6% | $0.45+66.7% | $0.27-27.0% | $0.37+8.8% | $0.34-2.9% | $0.35-2.8% | $0.36 |
DXCM Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.3B-15.5% | $7.5B+2.4% | $7.3B+8.5% | $6.8B+4.1% | $6.5B+2.1% | $6.4B-6.6% | $6.8B+4.9% | $6.5B |
| Current Assets | $4.0B-22.7% | $5.2B+3.8% | $5.0B+10.5% | $4.6B+5.9% | $4.3B+0.9% | $4.3B-12.1% | $4.8B+4.9% | $4.6B |
| Cash & Equivalents | $917.7M-50.0% | $1.8B+58.4% | $1.2B+28.1% | $904.9M+49.3% | $606.1M-2.4% | $621.2M-33.9% | $939.2M+10.3% | $851.2M |
| Inventory | $629.1M+4.1% | $604.1M+5.9% | $570.7M+6.0% | $538.2M-0.8% | $542.6M-7.5% | $586.3M+2.8% | $570.3M-3.2% | $589.1M |
| Accounts Receivable | $1.2B+9.6% | $1.1B-17.7% | $1.3B+16.8% | $1.2B+14.9% | $1.0B+0.4% | $1.0B+6.0% | $945.2M-3.4% | $978.6M |
| Goodwill | $24.2M+0.4% | $24.1M0.0% | $24.1M+4.3% | $23.1M+1.3% | $22.8M-4.2% | $23.8M+2.1% | $23.3M+0.4% | $23.2M |
| Total Liabilities | $3.6B-24.7% | $4.8B+0.4% | $4.8B+6.0% | $4.5B+2.4% | $4.4B+0.2% | $4.4B+0.2% | $4.4B+3.1% | $4.2B |
| Current Liabilities | $2.1B-35.8% | $3.3B+0.8% | $3.3B+8.9% | $3.0B+3.6% | $2.9B+69.0% | $1.7B+0.7% | $1.7B+8.0% | $1.6B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.7B+0.7% | $2.7B+5.9% | $2.6B+13.5% | $2.3B+7.8% | $2.1B+6.2% | $2.0B-18.7% | $2.4B+8.3% | $2.2B |
| Retained Earnings | $2.4B+12.3% | $2.2B+15.1% | $1.9B+10.6% | $1.7B+6.6% | $1.6B+10.5% | $1.4B+10.3% | $1.3B+12.3% | $1.2B |
DXCM Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $294.0M-55.4% | $659.9M+117.8% | $303.0M+64.9% | $183.8M-39.0% | $301.4M+51.1% | $199.5M-28.6% | $279.4M+33.6% | $209.2M |
| Capital Expenditures | $101.9M+26.6% | $80.5M-14.5% | $94.1M+8.2% | $87.0M-30.2% | $124.6M+12.1% | $111.2M+68.2% | $66.1M+16.2% | $56.9M |
| Free Cash Flow | $192.1M-66.8% | $579.4M+177.4% | $208.9M+115.8% | $96.8M-45.2% | $176.8M+100.2% | $88.3M-58.6% | $213.3M+40.1% | $152.3M |
| Investing Cash Flow | $306.6M+59.0% | $192.8M+403.1% | -$63.6M-163.5% | $100.2M+133.0% | -$303.7M-244.4% | $210.3M+211.3% | -$188.9M-352.5% | $74.8M |
| Financing Cash Flow | -$1.5B-769.8% | -$175.0M-10194.1% | -$1.7M-113.6% | $12.5M+881.3% | -$1.6M+99.8% | -$736.5M-52507.1% | -$1.4M-129.8% | $4.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $312.8M | N/A | N/A | N/A | $0-100.0% | $750.0M | N/A | N/A |
DXCM Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.9%+2.4pp | 60.5%+0.9pp | 59.5%+2.7pp | 56.9%-2.0pp | 58.9%-0.8pp | 59.7%-2.7pp | 62.4%+1.4pp | 61.0% |
| Operating Margin | 25.6%+5.6pp | 20.1%+1.7pp | 18.4%+5.5pp | 12.9%-4.1pp | 17.0%+1.7pp | 15.3%-0.4pp | 15.7%+4.8pp | 11.0% |
| Net Margin | 21.2%-2.2pp | 23.5%+7.9pp | 15.5%+5.4pp | 10.2%-3.4pp | 13.6%+0.1pp | 13.5%-0.8pp | 14.3%-1.6pp | 15.9% |
| Return on Equity | 9.7%-0.7pp | 10.4%+3.4pp | 7.0%+2.3pp | 4.7%-2.6pp | 7.2%+0.4pp | 6.8%+0.9pp | 5.9%-0.6pp | 6.5% |
| Return on Assets | 4.2%+0.4pp | 3.8%+1.3pp | 2.5%+0.9pp | 1.6%-0.8pp | 2.3%+0.2pp | 2.1%0.0pp | 2.1%-0.1pp | 2.3% |
| Current Ratio | 1.88+0.3 | 1.56+0.0 | 1.52+0.0 | 1.50+0.0 | 1.47-1.0 | 2.46-0.4 | 2.82-0.1 | 2.90 |
| Debt-to-Equity | 1.31-0.4 | 1.75-0.1 | 1.85-0.1 | 1.98-0.1 | 2.08-0.1 | 2.21+0.4 | 1.79-0.1 | 1.89 |
| FCF Margin | 15.3%-32.7pp | 47.9%+29.9pp | 18.1%+8.7pp | 9.3%-6.5pp | 15.9%+7.0pp | 8.9%-12.4pp | 21.2%+4.7pp | 16.5% |
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Frequently Asked Questions
What is Dexcom Inc's annual revenue?
Dexcom Inc (DXCM) reported $5K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dexcom Inc's revenue growing?
Dexcom Inc (DXCM) revenue declined by 100% year-over-year, from $4.0B to $5K in fiscal year 2025.
Is Dexcom Inc profitable?
Yes, Dexcom Inc (DXCM) reported a net income of $836 in fiscal year 2025, with a net profit margin of 17.9%.
What is Dexcom Inc's earnings per share (EPS)?
Dexcom Inc (DXCM) reported diluted earnings per share of $2.09 for fiscal year 2025. This represents a 47.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Dexcom Inc's EBITDA?
Dexcom Inc (DXCM) had EBITDA of $1K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Dexcom Inc's gross margin?
Dexcom Inc (DXCM) had a gross margin of 60.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dexcom Inc's operating margin?
Dexcom Inc (DXCM) had an operating margin of 19.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dexcom Inc's net profit margin?
Dexcom Inc (DXCM) had a net profit margin of 17.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dexcom Inc's return on equity (ROE)?
Dexcom Inc (DXCM) has a return on equity of 30.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dexcom Inc's free cash flow?
Dexcom Inc (DXCM) generated $1K in free cash flow during fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dexcom Inc's operating cash flow?
Dexcom Inc (DXCM) generated $1K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dexcom Inc's total assets?
Dexcom Inc (DXCM) had $6K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dexcom Inc's capital expenditures?
Dexcom Inc (DXCM) invested $364 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Dexcom Inc spend on research and development?
Dexcom Inc (DXCM) invested $599 in research and development during fiscal year 2025.
Does Dexcom Inc buy back shares?
Yes, Dexcom Inc (DXCM) spent $500 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Dexcom Inc have outstanding?
Dexcom Inc (DXCM) had 385M shares outstanding as of fiscal year 2025.
What is Dexcom Inc's current ratio?
Dexcom Inc (DXCM) had a current ratio of 1.88 as of fiscal year 2025, which is generally considered healthy.
What is Dexcom Inc's debt-to-equity ratio?
Dexcom Inc (DXCM) had a debt-to-equity ratio of 1.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dexcom Inc's return on assets (ROA)?
Dexcom Inc (DXCM) had a return on assets of 13.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dexcom Inc's Altman Z-Score?
Dexcom Inc (DXCM) has an Altman Z-Score of 4498998.11, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dexcom Inc's Piotroski F-Score?
Dexcom Inc (DXCM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dexcom Inc's earnings high quality?
Dexcom Inc (DXCM) has an earnings quality ratio of 1.72x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Dexcom Inc cover its interest payments?
Dexcom Inc (DXCM) has an interest coverage ratio of 63.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Dexcom Inc?
Dexcom Inc (DXCM) scores 69 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.